{"id":12984,"date":"2021-10-08T17:54:05","date_gmt":"2021-10-08T17:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/sat-symbol-initiative-attempts-to-get-satoshi-design-widely-adopted-by-the-bitcoin-community\/"},"modified":"2021-10-08T17:54:05","modified_gmt":"2021-10-08T17:54:05","slug":"sat-symbol-initiative-attempts-to-get-satoshi-design-widely-adopted-by-the-bitcoin-community","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/sat-symbol-initiative-attempts-to-get-satoshi-design-widely-adopted-by-the-bitcoin-community\/","title":{"rendered":"Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community"},"content":{"rendered":"

Over the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative ideas.<\/strong><\/p>\n

Initiative Attempts to Tie Symbol to Bitcoin\u2019s Smallest Unit<\/h2>\n

Most people know that Satoshi Nakamoto is the inventor of the Bitcoin protocol<\/a>, the \u201cpurely peer-to-peer version of electronic cash\u201d that was launched on January 3, 2009. The word Satoshi has Japanese roots and the name translates into definitions such as \u2018quick-witted,\u2019 \u2018clear thinking\u2019, and \u2018wise.\u2019<\/p>\n

Furthermore, the popular anime Pok\u00e9mon\u2019s lead human character Ash Ketchum\u2019s name is \u201cSatoshi\u201d in Japanese. While the name was used by Bitcoin\u2019s inventor, the term \u201csatoshi\u201d (lowercase) is also the smallest unit of bitcoin.<\/p>\n

The term satoshi, when referring to bitcoin\u2019s smallest unit, has been adopted far and wide by the crypto community at large. Around two years ago in mid-October 2019, Oxford University Press published its quarterly report explaining<\/a> the word satoshi was officially added to the Oxford English Dictionary (OED) database.<\/p>\n

The cryptocurrency bitcoin is divisible by up to eight decimal points. Each bitcoin is equal to 100 million satoshis and the protocol has a supply cap of roughly 21 million bitcoin. Now there\u2019s an initiative that is attempting to get a symbol for bitcoin\u2019s smallest unit adopted by the community at large.<\/p>\n

The web portal called satsymbol.com<\/a> showcases the idea as three parallel horizontal lines and there\u2019s a small vertical line above and below the stack of horizontal lines. The website shows the orange \u201cB\u201d bitcoin symbol and how it relates to the satoshi design concept in animated fashion.<\/p>\n

\u201cSupport the bitcoin design initiative to make this the official satoshi symbol \u2013 open, free, and unrestricted as Satoshi would have wanted \u2013 please share if you agree,\u201d the satsymbol.com website details.<\/p>\n

Satoshi Symbol Discussion Re-Ignites<\/h2>\n

On Thursday evening around 7 p.m. (EST), the term \u201csatoshi\u201d was trending<\/a> with a large quantity of trending tweets sharing the Sat Symbol initiative\u2019s design. Microstrategy\u2019s Michael Saylor shared the web domain on Twitter and said<\/a>: \u201cMay satoshi be with you.\u201d<\/p>\n

The crypto pundit and self-proclaimed \u201cbitcoin maximalist\u201d Max Keiser decided to share an alternative idea<\/a> that could represent the satoshi symbol. \u201cSymbol for satoshi should be a tilde. It looks enough like the sign for infinity \u2013 and it\u2019s on every keyboard. ~ 1,000,000 = 1 million sats,\u201d Keiser added.<\/p>\n

We all have the true satoshi symbol embedded in our minds. This was a prophecy. pic.twitter.com\/mGo3NAD4Cp<\/a><\/p>\n

\u2014 MancHODL \u26a1\ufe0f \u221e\/21M (@MancHODL) October 7, 2021<\/a><\/p>\n<\/p>\n

Others shared<\/a> the old-school S<\/a> symbol (\u201cCool S,\u201d also known as the \u201cStussy S,\u201d or \u201cSuper S\u201d) all the cool kids used to draw back in the day. Bitcoin proponent \u200b\u200bDennis Porter said<\/a> he agreed with Keiser\u2019s idea. \u201cI agree with Max Keiser on the satoshi symbol. This is on every keyboard which will make it backward compatible,\u201d Porter wrote.<\/p>\n

However, another person disagreed with Keiser\u2019s take on the symbol and one person replied to Porter and <\/span>said<\/span><\/a>: \u201cMax isn\u2019t often wrong. He\u2019s wrong on this one. This symbol is better,\u201d while sharing a screenshot of the Sat Symbol initiative picture. <\/span><\/p>\n

A number of others tweeted<\/a> about the Sat Symbol initiative on Thursday evening. The idea to call the smallest unit of bitcoin satoshi was conceived back in 2010 when an individual dubbed \u201cRibuck\u201d proposed that one-hundredth of a bitcoin should be called satoshi to honor the protocol\u2019s inventor.<\/p>\n

Ribuck\u2019s idea has stuck around and most people use the term satoshi to represent the smallest unit of bitcoin but as far as the symbol goes, a widely adopted idea may not come to fruition.<\/p>\n

The attempt<\/a> to tether a symbol to the term has been tried on many occasions but every one so far has ultimately failed. In July 2019, Square Crypto initiated a trend on Twitter when it asked people<\/a> to share designs that could represent the smallest increment of bitcoin. One person told<\/a> Square that he designed<\/a> a fairly popular idea that had gained some traction.<\/p>\n

What do you think about the Sat Symbol initiative and the many attempts to get a symbol tied to bitcoin\u2019s smallest unit? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, 2010, Ash Ketchum, Bitcoin, Blockchain, Cryptocurrency, Dennis Porter, mainstream, Max Keiser, michael saylor, microstrategy, Sat, Sat Symbol, Sat Symbol concept, Sat Symbol idea, Sat Symbol initiative, Satoshi, satoshi design, Satoshi Nakamoto, sats, satsymbol.com, smallest unit<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative…<\/p>\n","protected":false},"author":0,"featured_media":12985,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12984"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12984"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12985"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}